Anodot Enters Financial Sector to Upend BI Stagnation

Anodot Enters Financial Sector to Upend BI Stagnation

Business Incident and Anomaly Detection Company Empowers FinTech Companies with Unprecedented Business Intelligence Insights to Prevent Crises and Highlight Opportunities

LAS VEGAS, October 24, 2016 /PRNewswire/ --

    Anodot [http://www.anodot.com ], the real time business incident detection and
analytics company, has launched its services for financial technology companies. Anodot
will provide machine learning and real-time data streaming analytics to the fintech
companies which are lending and processing transactions in greater quantities than ever
before, and initiating new financial business models.

    Issues like payment drops or page latency erode fintech companies' customer
satisfaction and trust, revenue and brand. Yet intelligence analysts utilizing standard BI
solutions will often miss these and other issues like processing changes, faulty
integrations or visitor behavior changes, or they will learn of them days or weeks after
they occurred.

    This delayed notification is debilitating for companies in the financial industry
which must perform with the highest standard of availability and reliability.

    Anodot's business incident detection solution automatically learns streaming data's
normal behavior including seasonal and other complex patterns, to identify and alert
customers on any combination of metrics that behave abnormally. Anodot finally provides
fintech companies the tools needed to detect and diagnose issues early, resolve them
quickly, and take preemptive actions before they turn into crises. This is a drastic
change from the static nature of BI as it exists today.

    "Fintech companies are charging ahead with increasingly sophisticated technologies,
yet they are relying on old-fashioned BI solutions that do not meet their needs," said
David Drai, CEO of Anodot. "Business intelligence is more than looking at attractive
visualizations on graphs, it is the provision of clear and accurate insights needed to
identify and correct issues which, when undetected, can destabilize companies. As our
client base continues to grow steadily, we are looking forward to welcoming more financial
technology companies to the world of rapid anomaly detection and real time business
analytics."

    Anodot's scalable SaaS solution uses machine learning to learn the normal patterns in
streaming data, and to identify, report, and visualize business incidents in real time, as
they occur.  Anodot's algorithms handle complex data including transactions, transaction
volume, and impressions for every combination of data variables.  It's smart scoring and
correlation of related anomalies decreases alert storms and enables root cause analysis
for rapid and effective management of issues and discovery of business opportunities.  In
10 months since Anodot's launch the company's customers have grown to include scores of
data-centric business, among them Fortune 500 companies.

    Anodot will be exhibiting at Money2020 [https://www.money2020.com ] in Las Vegas this
week at booth K2051.

    About Anodot 

    Anodot provides valuable business insights through anomaly detection. Automatically
uncovering outliers in vast amounts of time series data, Anodot's real time business
incident detection uses patented machine learning algorithms to isolate and correlate
issues across multiple parameters in real time, supporting rapid business decisions.
Anodot customers in fintech, ad-tech, web apps, mobile apps and other data-heavy
industries use Anodot to drive real business benefits like significant cost savings,
increased revenue and upturn in customer satisfaction. The company was founded in 2014, is
headquartered in Ra'anana, Israel, and has offices in Silicon Valley and Europe.  Learn
more at: http://www.anodot.com.

       
         
        Contact 
        Marissa Shapiro 
        marissa@headline-media.com  
        +1-914-336-4051 

     

Anodot